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The spirit of financial independence - Hindi

DOWNLOAD PDF One of the popular catchphrases of the 21st century is ‘financial independence’. The adults who have just started working often start with the dream of achieving it as soon as possible so that they can pursue what they really want to. For middleage adults, financial independence may mean fulfilling all responsibilities, such as children’s education and marriage, and saving enough to enjoy their retired life. For a retiree, it may mean not having to worry about running out of the accumulated corpus in retirement.Whatever it means and howsoever you define it, you can’t refute the fact that planning is an integral part of it. Unfortunately, when planning comes into picture, the fantasies that we have built around financial independence start to fall apart. That’s because planning requires us to do and undo something – we need to start saving actively and we need to stop indulging in wasteful temptations or at least minimise them. The second part is of course more difficult. If you know you can buy something that you have always wanted and yet you shouldn’t, you can imagine the anguish of it. Resolving this inner struggle is a crucial step towards financial independence. What should you do? Go for the golden mean. Sure, don’t compromise on your financial goals but at the same time allow yourself to be a little selfindulgent. This will help you stay focused and motivated. This issue of Samriddhi will tell you what you need to do to achieve financial independence. Your job will be to figure out what needs to be controlled.

One of the popular catchphrases of the 21st century is ‘financial independence’. The adults who have just started working often start with the dream of achieving it as soon as possible so that they can pursue what they really want to. For middleage adults, financial independence may mean fulfilling all responsibilities, such as children’s education and marriage, and saving enough to enjoy their retired life. For a retiree, it may mean not having to worry about running out of the accumulated corpus in retirement.Whatever it means and howsoever you define it, you can’t refute the fact that planning is an integral part of it. Unfortunately, when planning comes into picture, the fantasies that we have built around financial independence start to fall apart. That’s because planning requires us to do and undo something – we need to start saving actively and we need to stop indulging in wasteful temptations or at least minimise them. The second part is of course more difficult. If you know you can buy something that you have always wanted and yet you shouldn’t, you can imagine the anguish of it. Resolving this inner struggle is a crucial step towards financial independence. What should you do? Go for the golden mean. Sure, don’t compromise on your financial goals but at the same time allow yourself to be a little selfindulgent. This will help you stay focused and motivated. This issue of Samriddhi will tell you what you need to do to achieve financial independence. Your job will be to figure out what needs to be controlled.